Union PacificXSWX:UNP +1.73%91 Return-on-Tangible-Asset is 9.71% as of Mar. 2026, which is 4% below its 10-year median of 10.11. GuruFocus rates XSWX:UNP with a GF Score™ of 91/100 and a GF Value™ of CHF199.76. The stock has 5 warning signs investors should review. Among 1,009 Transportation companies, Union Pacific ranks better than 86.12% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Union Pacific's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF5,357 Mil. Union Pacific's average total tangible assets for the quarter that ended in Mar. 2026 was CHF55,187 Mil. Therefore, Union Pacific's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.71%.
The historical rank and industry rank for Union Pacific's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:UNP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.67 Med: 10.11 Max: 18.87
Current: 10.45
During the past 13 years, Union Pacific's highest Return-on-Tangible-Asset was 18.87%. The lowest was 7.67%. And the median was 10.11%.
XSWX:UNP's Return-on-Tangible-Asset is ranked better than 86.12% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs XSWX:UNP: 10.45
Union Pacific (XSWX:UNP) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Union Pacific Return-on-Tangible-Asset Related Terms
Union Pacific Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Union Pacific's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:UNP vs CSX, NSC, WAB: Return-on-Tangible-Asset Comparison
For the Railroads subindustry, Union Pacific's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Union Pacific Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Union Pacific's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Union Pacific's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.71% mean?
Union Pacific (XSWX:UNP) has a Return-on-Tangible-Asset of 9.71% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Union Pacific and its competitors. This is near median its historical median of 10.11. Over the past decade, Union Pacific's Return-on-Tangible-Asset has ranged from 7.67 to 18.87. According to the industry distribution chart, Union Pacific ranks #140 out of 1009 companies in the Transportation industry, placing it in the top 13.9%.
Is Union Pacific's Return-on-Tangible-Asset too high?
Union Pacific's current Return-on-Tangible-Asset of 9.71% is near median its 10-year median of 10.11. Over the past 10 years, this metric has ranged from a low of 7.67 to a high of 18.87. The Transportation industry median Return-on-Tangible-Asset is 3.78. Union Pacific's value of 9.71% is 156.9% above this industry median. Based on the distribution chart, Union Pacific ranks #140 out of 1009 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Union Pacific has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's Return-on-Tangible-Asset compare to CSX and NSC?
According to the Transportation industry distribution chart, Union Pacific ranks #140 out of 1009 companies for Return-on-Tangible-Asset. This places Union Pacific in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.78. Union Pacific's value of 9.71% is 156.9% above this benchmark. Historically, Union Pacific's own Return-on-Tangible-Asset has ranged from 7.67 to 18.87 over the past decade. While the company's 10-year median is 10.11 vs. the industry median of 3.78, Union Pacific has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Pacific's current Return-on-Tangible-Asset of 9.71% is 156.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Union Pacific and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pacific's current Return-on-Tangible-Asset is 9.71%, which is near median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pacific stock overvalued right now?
Union Pacific (XSWX:UNP) has a current Return-on-Tangible-Asset of 9.71%. The stock's GF Value™ is CHF199.76, compared to a current price of CHF232.00 — trading 16.1% above its estimated fair value. The current Return-on-Tangible-Asset is 9.71%, which is near median its 10-year median of 10.11 and 156.9% above the Transportation industry median of 3.78. Union Pacific's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Union Pacific (XSWX:UNP), the current Return-on-Tangible-Asset is 9.71% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Union Pacific (XSWX:UNP) Overvalued in 2026?
Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued.
The current stock price of CHF232.00 is trading 16.1% above its estimated GF Value™ of CHF199.76.
Key valuation signals for XSWX:UNP:
Return-on-Tangible-Asset: 9.71% (near median its 10-year median of 10.11)
GF Value™: CHF199.76 vs. price of CHF232.00 (16.1% above fair value)
Industry Position: 156.9% above the Transportation median (#140 of 1009)
No single metric tells the full story. See the XSWX:UNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two-thirds of the US, Union Pacific generated $24.5 billion of revenue in 2025 by hauling coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one-fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.
91GF Score
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